China’s main share index closed down by more than 5% after several major brokerage firms announced they were under investigation. The Shanghai Composite index ended the day 5.5% lower at 3,436.3...

Oil prices are hovering near six-year lows as a report identifies a record stockpile of three billion barrels, with no end to the glut in sight. It is good news for households, as it signals little pressure...

The new boss of Nestle India has told the Veinna Times that tests which showed Maggi noodles had lead in them were “highly unreliable”. Nestle had to destroy 400 million packets of Maggi products...

Twitter shares fell 12% after-hours after the loss-making social network reported another quarter of slowing user growth. The early investor reaction to its latest results followed the revelation that...

Volkswagen has slipped back to second place in the list of the world’s top car makers for the first nine months of the year. The German giant – under fire for cheating on US emissions tests...

Tata Steel is set to announce later that 1,200 jobs are being cut at its plants in Scunthorpe and Lanarkshire.They are the latest in a series of job losses across the UK steel sector and follow news that...

Chancellor George Osborne has announced that the UK will guarantee a £2bn deal under which China will invest in the Hinkley Point nuclear power station. Mr Osborne, who is in China, said the deal would...

The Bank of England may have to cut rates to combat low inflation, rather than raise them as its next move, its chief economist Andy Haldane has said. UK inflation may not pick up in the second half of...

Japanese automaker Suzuki has bought back a nearly 20% stake held by German carmaker Volkswagen for 460bn yen ($3.8bn; £2.4bn). Suzuki bought almost 120 million shares at 3,842.50 yen each in after-hours...

Japan’s troubled Toshiba has posted a first-quarter net loss for the three months to June as sales fell to their lowest point in two and a half years. The firm said in a statement that its net losses...